Rupee dives to new closing low against US dollar

Sensex and Nifty today scaled new peaks and logged their best single-day gains in nearly five months, tracking positive global cues as investors took heart from the US Federal Reserve's "gradual approach" to raising interest rates. On August 16, the rupee had tumbled to a historic intra-day low of 70.40 before closing at a life-time low of 70.15 per dollar.

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